Phoenix Area Real Estate

HI,

 

It is obvious that the real estate market across the country, and especially here in AZ is having difficulties.  People are very worried about the economy, due in part to the lending and real estate issues, and of course fuel prices which effects so many other aspects.  Despite all of this, the question is simple, is it really as bad as it is made out to be.  Click on the following link for a commentary  broadcast on CNBC.  What do you think?

http://www.cnbc.com/id/15840232?video=780461999

Adam Tarr RE/MAX Excalibur Scottsdale, AZ 480-236-7374 adam@WeAreAZRealEstate.com

www.WeAreAZRealEstate.com

HI, Attached you will find a video market report for Desert Ridge, in NE Phoenix, for May, 2008

Adam Tarr, ABR, ePro RE/MAX Excalibur Scottsdale, AZ 480-850-5000

www.WeAreAZRealEstate.com

Hi,

I am often asked whether now is a good time to buy, or whether it is prudent to wait a few more months.  Obviously, everyones situation is different, but it goes to the basic needs of getting as much infoas possible  to make an informed decision.

The media is constantly bombarding us with the negatives.  So the fact that there was a positive article in the Wall Street Journal this week it important.  We are starting to see more positive news mixed in.  That is a good indicator that we may be stabilizing. 

The article points out some history, and some key factors that may indicate that the worst

Hi,

My wife is a huge fan of HGTV.  There was a show on last week, (and it's being re-played a couple more times) that goes over the 25 biggest real estate mistakes.  As a Realtor, I try to provide the best advice to my clients to ensure that the transaction goes as smooth as possible. This show covered many of the things that I tell my clients to do or be aware of.  Here is a link to the HGTV website which has a synopsis of each item.  I hope it helps.

http://www.hgtv.com/hgtv/real_estate/article/0,3120,HGTV_27356_5846325,00.html

Adam Tarr,ABR,ePro,CNE RE/MAX Excalibur Scottsdale, AZ 480-236-7374 Adam@WeAreAZRealEstate.com

www.WeAreAZRealEstate.com

Hi,

 

I occasionally get questions about short sales, from buyers and sellers.  Buyers want to know what the advantages and disadvantages are, and sellers want to know if it is a better way out of a dire situation.  There was an article in the Wall Street Journal last week that addresses short sales.  While it is by no means a full educational disertation on the subject, it does shed some light.  Most buyers searching for the bargains tend to stay away from the short sales due to the aggravation involved.  The article mentions the low percentage of short sales that are actually completed.  The

HI, 

Well, spring is definitely here.  We hit 90 degree temps for the first time this year, and obviously not the last.  We haven't had much rain, but flowers are blooming, and it is still great here in the Desert Southwest.

I have been assisting a few Canadian buyers lately.  There are some differences to take into consideration when assisting out of town buyers, whether from out of the country or not.  One of my current clients said to me, "you should write a novel about people like us who keep changing what they want"  Ok, not an exact quote, but pretty much what he said.  The thought

Hi,

Despite my last promise to be more regular on blogging, I still managed to go way to long between blogs.  I am doing another video blog concerning inventory levels here in the Valley of the Sun.  Before you view it - Yes, I know the lighting stinks.  I will correct that next time.  As always, I welcome your feedback.

Adam Tarr, ABR, ePro, CNE, Assoc. Broker RE/MAX Excalibur Scottsdale, AZ 480-850-5000 adam@WeAreAZRealEstate.com

www.WeAreAZRealEstate.com

Hi, I am trying something new - a podcast instead of a regular blog entry.  So, although I can say I am not real happy with how I look on camera speaking, I won't be so vain as to re-record it.  Anyway, check it out.  

Please let me know what you think

 

Adam Tarr,PC RE/MAX Excalibur Scottsdale, AZ 480-483-3333 adam@WeAreAZRealEstate.com

www.WeAreAZRealEstate.com

There were 5 homes sold in Desert Ridge in February, 2008, with an average listing price of $571,760 and an average sale price of $551,980.  Sale prices were 97% of list prices.  Sold Price per Square Foot was $205.35.  The range of sold homes was $390,000 to $700,000.  As of March 2, there are 11 pending or contingent homes under contract.  As of March 2, there are 164 active listings with an average list price of $654,577 and average list $/sq.ft. of $224.86

 

As expected, closings were low reflecting slower traffic during the holiday season.  January traffic picked up, and that may be reflected

Hi,

 

Each week I get a couple emails from lenders and title companies about the market- what has happened and what is expected.  I am including some exceprts from this week's emails, as I think it is good to point out some of these things.(I am not quoting a source, as this particular email is received from a couple different people.)

 

"... when Gentle Ben (Bernanke) briefed the Senate on Thursday, the markets slid. Investors didn't like the Fed chief's comment there could be some bank failures amidst all the credit market turmoil. They curiously ignored his more significant